Jeremy Rudin on his role as new Superintendent of OSFI

Posted November 10th, 2014 in blog, Committee by Doug Black

As the new Superintendent of Financial Institutions Canada, Jeremy Rudin is responsible for overseeing the regulation and supervision of federally regulated deposit-taking institutions, insurance companies, and federally regulated private pension plans. I asked him what his primary concerns were for his new role. You can watch his response below. 

BANC Meeting – Jeremy Rudin on Federally Regulated Pension Plans

Posted November 7th, 2014 in blog, Committee by Doug Black

During November 5th’s BANC meeting, I asked Superintendent Jeremy Rudin, of the Office of the Superintendent of Financial Institutions Canada, for his thoughts on federally regulated pension plans. He is the supervisor of the regulator which assesses solvency, risk management and governance of these plans, and I asked him to comment on the quality the plans he oversees. Watch his response below.

My Halloween-Themed Banking Committee Question

Posted October 31st, 2014 in blog, Committee by Doug Black

During our banking committee meeting on the 29th, I got to ask a very important question of Bank of Canada Governor Stephen Poloz and Deputy Governor Carolyn Wilkins: Why do Canadians spend more than Americans on Halloween? They answered my “trick or treat” question, and you can watch their response below.

Happy Halloween!

Stephen Poloz on the price drop of oil

Posted October 30th, 2014 in blog, Committee by Doug Black

In yesterday’s banking committee meeting, I had the chance to ask Bank of Canada Governor Stephen Poloz for his thoughts on the global decrease in the price of oil and what it means for our economy. It’s been a question on the minds of many as oil prices continue to drop, and Governor Poloz had some very interesting insights for us. You can watch his response in the video below. You can also read The Financial Post’s article on his response here.

Adjusting Taxes on Tobacco Products

Posted June 2nd, 2014 in blog by Doug Black

Recently, the Senate Committee on Banking, Trade and Commerce heard from experts in medicine and health policy about the proposed tax adjustments to tobacco products.

Part of Bill C-31, these adjustments aim to restore the effectiveness of the excise duty on tobacco products by adjusting the domestic rate to account for inflation.

Tobacco use remains the leading preventable cause of disease and death in Canada, killing more than 37,000 Canadians each year. Smoking alone is responsible for 30 per cent of all cancers.

Increasing the tax on tobacco will reduce smoking, lessen the pressure on our hospitals, and help save lives. You can read more about the proposed adjustments here

During the committee hearing, I had the opportunity to ask our expert witnesses for input  on the federal government’s annual taxing of tobacco. You can catch their responses below.